Hanssem completes absorption merger with Hanssem Nexus… a bold move to exit losses and cut costs

Hanssem has completed the absorption merger of its wholly owned subsidiary, Hanssem Nexus.

The deal was carried out as a zero-share issuance merger, with no new shares issued.

Hanssem aims to combine its premium interior capabilities with its B2B business to create synergies.

Industry watchers also see the move as a restructuring step to cut duplicated costs and defend profitability.

As property market slowdown weakens B2B demand, Hanssem is accelerating its push into high-end residential and special-order markets.